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To: Copeland who wrote (9052)8/25/2010 4:56:11 AM
From: GROUND ZERO™  Respond to of 218830
 
I remember reading about it, that's what happened... it was confiscated at a really cheap price and then the trustworthy government raised the value to $35.00 per ounce afterward...

GZ



To: Copeland who wrote (9052)8/25/2010 10:48:08 AM
From: Wayners2 Recommendations  Respond to of 218830
 
That is correct. Total and complete scam. The Govt did it because smart people (savers) got wind that the Govt printed a lot more Gold Certificates than they had Gold and they also knew that the Banks didn't have enough Gold Certificates to cover the runs on deposits. The Govt and banks called savers "hoarders" and confiscated private holdings of Gold for $25/ oz. to cover both the scams of fractional reserve holdings of Gold Certificates AND printing more Gold Certificates than Gold. Then once they had all the Gold, they raised the price to $35, thus devaluing the buying power of the people's (savers) Gold certificates dramatically and enriching themselves.